June 24, 2015 – Equitas Resources Corp. (TSXv: EQT) (FSE: T6UN) (“Equitas” or the “Company”) is pleased to announce the appointment of Raymond Goldie to its board of directors, effective immediately. Mr. Goldie is currently a Vice President and Senior Mining Analyst with Salman Partners Inc.
Raymond Goldie brings extensive industry experience to Equitas, including more than 20 years as a mining analyst and industry economist covering non-precious and precious metals and fertilizer companies. Ray holds a B.Sc. in Geology from Victoria University in Wellington, New Zealand, a M.Sc. in Geology from McGill University, and a Ph.D. from Queens University. Ray also holds a Diploma in Business Administration from the University of Toronto.
He is the author of “Inco Comes to Labrador”; a book on Inco’s acquisition, progression and development of one of the most substantial mineral discoveries in Canada, the Voisey’s Bay nickel deposit. Mr. Goldie frequently appears on national television and as a keynote speaker at mining conferences.
Kyler Hardy, President of Equitas, comments: “It is my pleasure to welcome Mr. Goldie to the board. His extensive knowledge of the natural resources sector and his past experience in Labrador will be a significant benefit to the company. Our management team and land package in the Voisey’s Bay area has given Equitas a strong position to execute on the opportunities ahead.”
Mr. Jay Roberge has stepped down as a Director of the Company. The Board of Directors would like to thank Mr. Roberge for his service to the Company and wishes him success in his future endeavors.
In addition the Company is granting Mr. Goldie a total of 250,000 options with an exercise price of $0.10 for a five year period.
About Equitas Resources Corp.
Equitas Resources Corp. is a Canadian-based mineral exploration company with a focus on nickel, copper, platinum group metals (PGM) and cobalt. The Company is engaged in the acquisition, exploration and development of mineral properties. Its Garland Property is 25,050 hectares and located approximately 30kms south-east of the Voisey’s Bay mine in Labrador, Canada. With the recently completed VTEM geophysical survey the Company is preparing for a summer geological mapping, 50km of large loop EM followed by up to 4000m of diamond drilling to test the identified targets.
On Behalf of the Board of Directors,
EQUITAS RESOURCES CORP.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for nickel may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company’s Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.